Ennis, Inc. reported a net sales figure of $392.4 million for the fiscal year ending February 28, 2026, reflecting a slight decrease of 0.6% from the previous year's sales of $394.6 million. The decline was primarily attributed to lower organic volumes, which fell by approximately $25 million due to ongoing pricing competition and softness in certain segments of the print market. However, this decrease was partially offset by an increase of about $22.8 million in revenues from recent acquisitions, indicating a strategic focus on expanding the company's market presence through acquisitions.
The company's gross profit margin improved to 30.7% in fiscal 2026, up from 29.7% in fiscal 2025, driven by effective pricing discipline and cost management initiatives. Total manufacturing costs decreased by 1.9% to $272 million, reflecting lower sales volumes but also higher input costs in some categories. Selling, general, and administrative expenses rose to $67.7 million, a 3.5% increase from the prior year, primarily due to higher incentive compensation and medical costs. Net earnings for the year were reported at $42.6 million, or $1.66 per diluted share, compared to $40.2 million, or $1.54 per diluted share, in fiscal 2025.
Ennis, Inc. has made significant strides in expanding its operational capabilities through acquisitions, including the purchase of Northeastern Envelope Company and Envelope Superstore, which collectively generated approximately $26.9 million in sales in the year prior to acquisition. Additionally, the company acquired CFC Print & Mail, further solidifying its position in the commercial print sector. These acquisitions are part of a broader strategy to diversify product offerings and enhance production capabilities, particularly in the envelope converting and printing segments.
Operationally, Ennis, Inc. maintained a workforce of 1,835 employees as of February 28, 2026, with 148 employees represented by labor unions. The company reported a backlog of firm orders amounting to approximately $24.6 million, a slight decrease from $25.7 million the previous year, attributed to changes in product mix and reduced sales volume. The company continues to focus on optimizing its product mix and managing costs to navigate the challenges posed by a competitive market and the ongoing shift towards digital alternatives.
Looking ahead, Ennis, Inc. anticipates that its cash on hand, along with expected operating cash flows, will be sufficient to meet its operating and capital requirements for the next twelve months. The company plans to continue its strategic investments in new technologies and product offerings while managing its inventory levels to mitigate risks associated with supply chain disruptions, particularly in light of recent closures of key suppliers. Ennis remains committed to maintaining its market leadership in the business forms and printed products sector while adapting to evolving market conditions.
About ENNIS, INC.
Ennis, Inc. is a leading trade printer specializing in manufacturing and selling business forms, pressure-seal forms, labels, tags, envelopes, and presentation folders primarily to independent distributors across the U.S. It operates 56 manufacturing plants, offering custom and semi-custom products. The company emphasizes quality, service, and innovation, serving diverse markets with a focus on sustainable sourcing and operational efficiency.
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